With needle and white yarn, sew trim to bottom of hat. Fold top of hat over so the tip is even with the hat’s bottom edge. Using red yarn, stitch folded hat in place.

TASSEL: Wrap white yarn around the 2-inch length of the cardboard piece 25 times. Cut a 6-inch piece of white yarn. Slide the wrapped yarn off the cardboard and insert the 6-inch piece of yarn through the center loops. Tie a knot at the top in the center of the 6-inch piece of yarn to hold all yarn loops in place.

Cut a 10-inch piece of white yarn. Wrap piece a few times around the outside of the yarn loops about 1/2 inch down from the top. Tie a knot and trim ends. Cut through all of the loops at the bottom. Trim ends evenly. Tie tassel to the top pointed end of hat.

HANGING LOOP: Cut a 6-inch length of red yarn. Insert one end into center stitches on top fold of hat. Pull yarn through halfway. Tie ends in a knot to form a loop.